ABN 79 106 879 690 7 October 2011 The Manager Companies ASX Limited 20 Bridge Street SYDNEY NSW 2000 (6 pages by email) Dear Madam, Multiple zones intersected including 123 metres at 0.61 g/t Gold and 0.14% Copper in WDD016 at Wonogiri Gold and copper results have been received for hole WDD016, with multiple zones of gold and copper between 76 metres and 308 metres down the hole. Significant zones include 123.0 metres at 0.61 g/t gold and 0.14% copper from 76 metres and 44.0 metres at 0.55 g/t gold from 264 metres (includes 1.0 metre at 11.17 g/t gold). Confirms extension of mineralisation at depth. The Directors of Augur Resources Ltd ('Augur' or 'the Company') are pleased to report results for diamond drill hole WDD016 from the Randu Kuning prospect, Wonogiri project in Central Java. Hole WDD016 was drilled to test for further mineralisation down dip of hole WDD008 (222.0 metres at 0.95 g/t gold and 0.2% copper). Hole WDD016 is located approximately 54 metres west of hole WDD008. Hole WDD016 intersected three zones of mineralisation. The shallower zone returned 123.0 metres at 0.61 g/t gold and 0.14% copper from 76 metres. This zone included 6.0 metres at 2.02 g/t gold and 0.39% copper. A second zone of 23.0 metres at 0.24g/t gold from 209 metres while a third zone of 44.0 metres at 0.55 g/t gold exists from 264 metres depth. Level 2, 66 Hunter Street Sydney NSW 2000 Phone: +61 2 9300 3310 Facsimile: +61 2 9221 6333 Web: www.augur.com.au
Mineralisation in hole WDD016 is associated with quartz stock working and as disseminated mineralisation within a mirco diorite. Hole WDD016 passed through a zone of intense quartz veining which generally returned relatively low gold results. Geological modelling and assessment of this zone will occur over the next few months. Cross section of diamond drill holes WDD002, WDD004, WDD006, WDD008 and WDD016 showing the extent and zones of gold and copper mineralisation. Mineralisation remains open at depth. Data from local geology and recent drilling indicates that the mineralisation at Randu Kuning is related to a near vertical gold copper porphyry within a large eroded volcanic centre, possibly related to a northward migrating Oligocene to Miocene volcanic arc. A number of significant porphyry deposits (+/ associated epithermal mineralisation) sit along this zone including Newmont Mining Corporation s operation at Batu Hijau (914Mt at 0.53% Cu and 0.40 g/t gold), Newmont s Elang deposit on the island of Sumbawa and Intrepid Mines Tujuh Bukit (990Mt at 0.40% copper and 0.45 g/t gold) in eastern Java. 2
Wonogiri project location and major porphyry deposits on the Oligocene Miocene Arc. Image shows topography with white indicating highest elevations and dark blue showing areas of near sea level elevations Current Program Two drill rigs are currently active at the Randu Kuning project. Drilling is currently focused on the northern portion of the deposit and is testing the down dip and northern extension of the mineralisation. The planned reverse circulation drill program has been modified due to unsuitable ground conditions. An additional diamond drill rig has been sourced to undertake drilling of epithermal targets. Preliminary metallurgical testing has commenced on the porphyry mineralisation at Randu Kuning. 3
Drilling Results Hole Prospect Easting Northing Dip Azimuth (Mag) From To Interval (m) Gold g/t Copper % WDD016 Randu Kuning 486139 9138265 45 90 76.0 199.0 123.0 0.61 0.14 and 209.0 232.0 23.0 0.24 - and 264.0 308.0 44.0 0.55 - Results are shown using a cut off of 0.2 g/t gold or 0.2% copper. All depths are reported as drilled depths. Insufficient data is currently available to determine the true width of the intersections. Augur has changed the cut off and internal dilution used in the reporting of results from the Randu Kuning prospect to reflect those more appropriate for a possible bulk tonnage deposit. For completeness, the revised intervals of all holes reported prior to WDD016 are reported below. Hole Prospect Easting Northing Dip Azimuth (Mag) From To Interval (m) Gold g/t Copper % DDH1 Randu Kuning 486244 9138216 70 180 66.0 166.0 100.0 0.96 0.23 and 282.2 317.0 28.8 0.46 - and 333.0 340.85 7.85 0.45 - DDH2 Randu Kuning 486507 9138020 60 302 66.8 72.0 5.2 2.33 - and 267.3 271.3 4.0 0.91 - and 442.0 511.0 69.0 1.09 0.16 and 519.0 534.0 15.0 0.30 - WDD001 Randu Kuning 486268 9138170 45 90 8.2 76.8 68.6 1.16 0.30 WDD002 Randu Kuning 486288 9138130 45 90 0.0 47.0 47.0 1.28 0.26 WDD003 Randu Kuning 486262 9138065 45 90 0.0 22.5 22.5 0.62 0.19 WDD004 Randu Kuning 486264 9138115 45 90 5.5 54.5 49.0 0.99 0.39 and 59.0 69.5 10.5 0.2 0.14 WDD005 Randu Kuning 486208 9138155 45 90 0.0 129.0 129.0 0.83 0.24 WDD006 Randu Kuning 486226 9138115 45 90 0.0 140.5 140.5 0.81 0.19 WDD007 Randu Kuning 486182 9138066 45 90 17.0 124.0 107.0 0.62 0.26 and 133.0 142.0 9.0 0.39 0.19 and 147.0 215.0 68.0 0.46 0.14 WDD008 Randu Kuning 486166 9138115 45 90 40.0 262.0 222.0 0.95 0.20 WDD009 Randu Kuning 486121 9138057 45 90 100.5 223.5 123.0 0.67 0.17 and 253.5 305.6 52.1 0.72 0.15 WDD010 Randu Kuning 486155 9138165 45 90 44.5 168.0 123.5 1.42 0.22 196.0 261.0 65.0 1.03 0.17 WDD011 Randu Kuning 486162 9138018 45 90 No significant result WDD012 Randu Kuning 486153 9138210 45 90 61.0 260.0 199.0 0.46 0.13 and 270.0 274.0 4.0 1.27 - WDD013 Randu Kuning 486186 9137963 45 90 No significant result WDD014 Randu Kuning 486153 9138210 45 90 0.0 6.5 6.5 0.26 0.19 and 147.0 161.0 14.0 0.17 - WDD015 Randu Kuning 486139 9138265 45 90 68.0 250.0 182.0 0.75 0.17 Previously reported results are shown using a cut off of 0.2 g/t gold or 0.2% copper. Holes DDH1 and DDH2 were drilled by PT Oxindo. All depths are reported as drilled depths. Insufficient data is currently available to determine the true width of the intersections. 4
Wonogiri Project The Wonogiri project is located approximately 30 kilometres to the south of the provincial city of Solo in central Java and is easily accessible by daily flights from the capital Jakarta and a short one hour drive by car on a sealed road. The project lies within the Sunda Banda arc and covers and area of 3,928 hectares. The area is considered prospective for epithermal gold and porphyry copper gold mineralisation. Previous exploration completed by PT Oxindo from 2009 to 2010 targeted copper porphyry mineralisation within the northern portion of the licence. PT Oxindo undertook detailed mapping, soil sampling and geophysical work which culminated in a five hole diamond drill program to test a number of modelled magnetic high bodies. Drilling highlighted potential gold copper porphyry mineralisation in the Randu Kuning prospect. Surface rock chip sampling and geological mapping highlighted the potential for epithermal gold mineralisation proximal to the Randu Kuning prospect. Augur has commenced a significant exploration to determine the extent of the gold and copper mineralisation within the Wonogiri licence areas. This exploration includes an extensive drill program that to date has returned significant results in numerous holes including 123.5 metres at 1.42 g/t gold and 0.22% copper and a further 65.0 metres at 1.03 g/t gold and 0.17% copper in hole WDD010, 222.0 metres at 0.95 g/t gold and 0.20% copper in hole WDD008 and 182.0 metres at 0.75 g/t gold and 0.17% copper in WDD015. Augur has an agreement to earn a 51% interest of the project after the expenditure of US$1.5 million within 12 months from 9 December 2010 and can earn an 80% interest in the project with the expenditure of a further US$2.0 million with 24 months of 9 December 2010. No upfront payment or issue of shares was required. PT Oxindo is a subsidiary of the Minerals and Metals Group which owns and operates a portfolio of world class base metal mining operations, development projects and exploration fields. 5
Location map of Augur s Indonesian projects. Statement of Compliance The information in this report that relates to Exploration Results is based on information compiled by Augur staff and contractors and approved by Mr Grant Kensington, geoscientist, who is a Member of the Australasian Institute of Mining and Metallurgy. Grant Kensington is a full time employee of the Company who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Grant Kensington has consented to the inclusion in this report of the matters based on his information in the form and context in which they appear. Mineralisation cut off used is 0.2 g/t gold and/or 0.2% copper with a maximum contiguous dilution interval of 4.0 metres. Sample intervals are generally either 0.5 metres or 1.0 metre. Assaying has been completed by PT Intertek Utama Services, a subsidiary of Intertek Group Inc. Blanks and/or independent standards are used in each sample batch at approximately 10.0 metre intervals. For further information, please contact Grant Kensington on +61 2 9300 3310. Yours sincerely Grant Kensington Managing Director pjn6249 6